For loans and advances granted by commercial banks to small, road and water transport operations scheme (SRWTED), NABARD provides refinance under Automatic Refinance Facility, subject to the conditions:
A. Repayment of loan should not exceed 5 years with moratorium of 6 months
B. Refinance amount is restricted ot Rs. 15 lakh per borrower
C. The borrower should be from rural area and he should utilize the vehicle mainly for transportation of rural farm and no farm products and inputs and passengers to from marketing centers.